Disposable income falls for second straight quarter, by 0.7 pct in Q2

EconomyMacroeconomy Tags: ELSTAT, Income

Greek household disposable income dropped for the second straight quarter, albeit at a slower pace of 0.7 percent, in the second quarter (Q2) of 2016, compared to a decrease of 1.6 percent in Q1, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.

In absolute terms, disposable income stood at 29.72 billion euros in Q2, down 223 million on last year’s figure of 29.94 billion. The decline mostly reflects a rise in social contributions by 4.7 percent, which more than offset a fall of 1.1 percent in ...

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